Verizon looking at potential AOL acquisition: report

LONDON (MarketWatch) -- Verizon Communications Inc. [: vz] has approached AOL Inc.
aol
about a possible acquisition or joint venture, Bloomberg reported Monday, citing people with knowledge of the matter. Verizon is looking to AOL to expand its mobile-video product, but the wireless provider has not put forward a formal proposal, the report said. AOL rose 12% and Verizon gained 0.3% in after-hours trading Monday. Verizon and AOL had not responded to a request for comment at the time of writing.

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